Frozen Desserts Market Share Leaders, Opportunities, Sales Revenue, Developments and Regional Forecast 2029

Frozen Desserts Market Overview:

Throughout the forecast period, the market for frozen desserts is anticipated to expand at a CAGR of 5.0%. The market for frozen desserts was valued at USD 87.75 billion in 2021, and by 2029, it is anticipated to grow to USD 129 billion.

Desserts made from frozen liquids, semi-solid vegetable fats, and a variety of dry fruits are known as frozen desserts. For better digestion, consumers prefer to consume frozen dessert products after a meal. The market for frozen desserts is expanding as a result of consumer taste and preference changes, income fluctuations, some climatic conditions, and the introduction of new flavour products.

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Market Dynamics:

Globally rising disposable income is the main factor driving the frozen desserts market. Consumers are willing to spend money on desserts, lifestyle changes, and culinary innovations. Yogurt is a good source of protein and vitamins, and consumers desire products with these qualities. Yogurt demand is rising globally. Because consumers are gravitating toward products with health benefits, low-fat ice cream is the second most popular category of dairy products. Market revenue for frozen desserts is rising as a result of the high consumption of frozen yoghurt and ice cream.

Although the frozen market is expanding quickly and there is a sizable market for frozen desserts, manufacturers must contend with some restrictions in order to maintain a balance between the current demand for vegan, changing in consumer taste & preferences and rising popularity & demand for organic foods. These are the restraints factors which can hamper the market growth of frozen desserts.

Segmentation:

The global frozen desserts market is divided into four types based on product. Confectionery and candies, ice cream, frozen yoghurt, and other products. Ice cream has the largest market share, accounting for 50% of the product segment in 2021, owing to rising consumer demand for ice cream across all generations. In 2021, the ice cream market was estimated to be worth USD 63.0 billion. Premium ice cream is popular among health-conscious consumers due to its high-quality ingredients and minimal aeration. Asia Pacific has the largest ice cream market share and is expected to grow at a CAGR of 4.0% during the forecast period. Ice cream is becoming more popular around the world due to its flavors, shape, fat content, sweetness, and texture.

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Key Players:

Both primary and secondary research are used to determine market revenue and identify industry leaders. In-depth interviews with thought leaders and business experts, including CEOs, marketing experts, and seasoned front-line staff were conducted as part of the core study. In the secondary study, annual and financial reports from well-known manufacturers were examined. With the help of secondary data, percentage splits, market shares, growth rates, and global market breakdowns are calculated. The results are then contrasted with the original data. Below is a list of businesses involved in the Frozen Desserts sector.

• Amul
• Baskin Robbins LLC
• ConAgra Foods
• Danane
• Ferrero Spa
• General Mills inc
• London Dairy Co. ltd
• Mother Dairy
• Nestle SA
• Unilever group
• Cielo
• Kraft foods group Inc.
• Bulla Dairy foods

Regional Analysis:

Geographic analysis, which is further broken down into sub-regions and countries, is the research's focus. For each country, market share data and profit projections are provided in this section of the research. The research in this section examines the share and growth rate for each region and nation over the anticipated period.

The research presents a comprehensive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, following an analysis of political, economic, social, and technological factors affecting the Frozen Desserts market in various sectors.

COVID-19 Impact Analysis on Frozen Desserts Market:

The COVID-19 virus has changed consumer behaviour across the board. On the other hand, businesses must modify their strategy to consider changing market supply. This analysis will assist you in developing your company in accordance with the new industry standards and provides an overview of the impact of COVID-19 on the Frozen Desserts market.

The COVID-19 Impact section of the Frozen Desserts Market Report includes in-depth analysis ranging from the flexible supply chain and trade restrictions to local government regulations and the firm's future influence. The following topics are covered: primary market research (2021-2027), venture rivalry examples, the benefits and drawbacks of large business channels, and industry growth trends (2021-2027).

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